Accessing Equity

Investing in a home is almost always a good option as a home is not just a living place but also a doorway to your other dreams. When refinancing you can use your home equity to grow your portfolio or realize those personal dreams.

Equity is the difference between the current price of your home and the remaining amount of your loan. If you are paying your mortgages for several years then you should have a good amount of equity available in your property.

How can I use the equity in my home?

You should use the equity available in your home to fulfil long term financial goals or to pay for something which you have wanted for a long time. As your trusted mortgage advisor we can evaluate your current home loan position and let you know how much equity you could release from your property when you refinance.

Pay the Deposit to Secure an Investment Property

You could use the equity available in your current home to pay for the deposit of an investment property. It might save you many months or even years from having to save for the deposit from your income. When you are securing an investment loan using equity from current home always speak with your broker to know if any additional amount is needed to avoid LMI (Lenders Mortgage Insurance).

Improve your lifestyle

By refinancing you can access equity with which you could buy a new car, pay for that long dreamed of holiday or buy some important utilities for your home. Please talk with your broker first so that you can make informed decisions while taking out he loan.

Renovate your home

With the extra cash available from the equity you could upgrade the amenities in your current home or investment property which will give you immediate benefits and have positive impact on the value of your property in future.

Get some extra cash

If you have built up a significant amount of equity in your current home then you should have a good amount of cash in your hand when you refinance. You could use the cash to invest in other security instruments or meet some urgent needs.